In 2023, Brazil's maize oil production was projected near year-zero levels of 102 thousand metric tons. Forecasts for 2024 to 2028 show a slow but steady increase, averaging annual growth of approximately 0.34% with a compound annual growth rate (CAGR) of about 0.35%. This indicates moderate but consistent growth potential in maize oil production infrastructure and market demand in Brazil over this period.
Future trends to watch for include potential impacts from climate change affecting crop yields, shifts in domestic policy favoring agricultural output, and global market demand fluctuations, notably from energy sectors exploring biofuel alternatives.
